| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | 1 | 2 | 1 | 1 | — | 2 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.03 |
—
—
—
—
|
| 2025 | 0.98 |
—
—
—
—
|
| 2024 | 0.90 |
—
—
—
—
|
| 2023 | 0.83 |
—
—
—
—
|
| 2022 | 0.77 |
—
—
—
—
|
| 2021 | 0.62 |
—
—
—
—
|
| 2020 | 0.44 |
—
—
—
—
|
| 2019 | 0.44 |
—
—
—
—
|
| 2018 | 0.41 |
—
—
—
—
|
| 2017 | 0.24 |
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,300.07 | 1,303.04 | 1,259.00 | 1,057.89 |
| Receivables | 691.26 | 590.61 | 554.72 | 538.72 |
| Inventory | 9,057.58 | 9,712.93 | 10,678.46 | 11,645.57 |
| Other | — | — | — | — |
| 11,048.90 | 11,606.57 | 12,492.18 | 13,242.17 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 597.58 | 492.21 | 615.77 | 589.37 |
| ST’ Debt | 124.00 | — | — | — |
| Other | 1,966.00 | — | — | — |
| 2,312.63 | 2,359.61 | 2,854.81 | 2,920.66 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Jan | Apr | Jul | Oct | Year | |
|---|---|---|---|---|---|
| ’26 | 2,145.63 | 2,531.23 | 2,658.78 | — |
—
|
| ’25 | 1,859.13 | 2,739.08 | 2,945.12 | 3,423.40 |
10,966.72
|
| ’24 | 1,947.85 | 2,837.49 | 2,727.94 | 3,333.46 |
10,846.74
|
| ’23 | 1,780.17 | 2,506.98 | 2,687.64 | 3,020.15 |
9,994.94
|
| ’22 | 1,791.08 | 2,277.54 | 2,494.80 | 3,712.13 |
10,275.56
|
| ’21 | 1,563.38 | 1,930.12 | 2,255.48 | 3,041.38 |
8,790.36
|
| ’20 | 1,331.43 | 1,549.07 | 1,651.49 | 2,545.67 |
7,077.66
|
| Jan | Apr | Jul | Oct | Year | |
|---|---|---|---|---|---|
| ’26 | 7.27 | 134.45 | 250.34 | — |
—
|
| ’25 | (420.77) | 362.85 | 370.31 | 800.03 |
1,112.41
|
| ’24 | (306.98) | 459.03 | 175.61 | 682.51 |
1,010.17
|
| ’23 | (357.76) | 503.34 | 529.46 | 591.40 |
1,266.43
|
| ’22 | (280.70) | 75.73 | (41.66) | 1,233.45 |
986.82
|
| ’21 | 55.32 | (28.06) | 421.16 | 854.70 |
1,303.13
|
| ’20 | (366.42) | 175.28 | 332.73 | 866.52 |
1,008.12
|
| Jan | Apr | Jul | Oct | Year | |
|---|---|---|---|---|---|
| ’26 | (11.59) | 109.98 | 219.64 | — |
—
|
| ’25 | (438.10) | 347.26 | 344.86 | 772.20 |
1,026.22
|
| ’24 | (320.56) | 442.91 | 149.86 | 665.46 |
937.66
|
| ’23 | (368.46) | 483.53 | 514.91 | 589.54 |
1,219.52
|
| ’22 | (299.17) | 55.06 | (30.69) | 1,218.21 |
943.40
|
| ’21 | 120.18 | (42.10) | 405.00 | 833.59 |
1,316.67
|
| ’20 | (393.25) | 166.98 | 308.49 | 831.96 |
914.17
|
| Jan | Apr | Jul | Oct | Year | |
|---|---|---|---|---|---|
| ’26 | 2.19 | 2.72 | 2.97 | — |
—
|
| ’25 | 1.75 | 3.50 | 3.73 | 4.58 |
13.49
|
| ’24 | 2.25 | 4.55 | 3.60 | 4.63 |
15.01
|
| ’23 | 1.70 | 2.85 | 3.73 | 4.11 |
12.36
|
| ’22 | 1.24 | 1.85 | 2.35 | 5.63 |
10.90
|
| ’21 | 0.76 | 1.01 | 1.87 | 3.02 |
6.63
|
| ’20 | 0.41 | 0.59 | 0.90 | 1.55 |
3.40
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.53 | 49.87 | 95.46 | 86.67 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 72.75 | 105.91 | 169.52 | 149.79 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,200 | 4,800 | 4,900 | 4,900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.98 | 2.08 | 2.21 | 2.24 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,275.56 | 9,994.94 | 10,846.74 | 10,966.72 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.20% | 26.36% | 27.87% | 25.11% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,703.73 | 1,842.37 | 2,085.64 | 1,791.37 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.58% | 18.43% | 19.23% | 16.33% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,286.50 | 1,372.07 | 1,571.20 | 1,346.49 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 76.82 | 76.47 | 81.20 | 82.09 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 88.00 | 90.85 | 104.64 | 110.80 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 11.02 | 12.47 | 15.16 | 13.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.45 | 11.51 | 9.75 | 11.24 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.37) | (0.43) | (0.70) | (0.87) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.08 | 11.08 | 9.05 | 10.37 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.57 | 61.93 | 74.16 | 83.72 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 116.77 | 110.02 | 103.65 | 98.98 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.86 | 5.65 | 9.64 | 9.87 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.49 | 0.78 | 1.40 | 1.22 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.84 | 1.14 | 1.97 | 1.61 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 0.95 | 1.55 | 1.37 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.58 | 7.76 | 17.95 | 14.63 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 986.82 | 1,266.43 | 1,010.17 | 1,112.41 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (43.42) | (46.91) | (72.50) | (86.19) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 943.40 | 1,219.52 | 937.66 | 1,026.22 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8,570.43 | 8,736.27 | 9,246.96 | 9,637.37 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,469.41 | 2,984.47 | 2,832.92 | 2,787.91 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,122.66 | 1,684.40 | 1,529.88 | 1,528.92 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,021.84 | 6,813.20 | 7,686.72 | 8,286.06 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.80% | 11.06% | 12.14% | 9.66% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.58% | 12.69% | 13.84% | 10.96% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.65% | 21.38% | 21.67% | 16.86% | ‡‡‡‡‡ | — | — |
ROE
|
Toll Brothers Inc. (TOL), a leading luxury homebuilder, has demonstrated remarkable resilience in the cyclical housing market, capitalizing on millennial demand, low inventory, and pricing power to drive revenue from $5.17 billion in 2016 to a peak of $10.85 billion in 2024—a 110% surge. Gross margins expanded 40% to a record 27.9%, EPS skyrocketed 568% to $15.16 through aggressive share repurchases (38% reduction in shares), and ROE hit 21.7%, underpinned by a fortress balance sheet with deleveraging and robust free cash flow generation.
The stock has mirrored this operational leverage, appreciating ~500% since 2016 and trading near recent highs, even buffering 2022-2023 rate hikes better than peers due to affluent buyers. However, insider selling—led by executives offloading tens of thousands of shares—signals caution amid rising order cancellations and affordability pressures.
Analysts forecast near-term moderation, with revenue dipping -5% in 2026 before resuming growth, EPS declining to $12.85 then rebounding, and a consensus price target implying modest downside risk. Yet, TOL’s $10+ billion backlog, strategic expansion, and potential rate relief position it for a multi-year upcycle—explore the full analysis for valuation insights and cycle inflection signals.
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